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3 ) At your birth, your grandparents put $ 5 , 0 0 0 into a college fund for you. Now you want to use
At your birth, your grandparents put $ into a college fund for you. Now you want to use the fund to pay your first year of college costs of $ To have enough money in your college fund for your stated purpose, what annual rate of return would have to have been earned on the account over an year period?
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